Other Briefings
Vietnam Attracting More FDI Projects
Aug. 22 – In the first seven months of this year, Vietnam, with 43 cities and provinces, attracted 651 additional foreign direct investment projects. The top cities and provinces are: Hai Duong (northern province) Total capital of US$2.47 billion = 32.4 percent of the county’s total registered foreign capital
Vietnam Eases Business Concerns for South Korean Companies
Jun. 10 – Until recently, there hadn’t been a department to support small and medium-sized Korean enterprises with tax and customs related issues in Vietnam. Last week, however, the Ministry of Finance held a conference in Ho Chi Minh City to support Korean businesses relating to problems with taxes and customs procedures during their business […]
Ho Chi Minh City Committed to Improving Investment Environment
May 18 – Nguyen Trung Tin, the Vice Chairman of the Municipal People’s Committee of Ho Chi Minh City, has pledged to create more favorable conditions for investors to develop their business in Vietnam’s biggest city. Speaking at a seminar held on April 26 in the city titled “Evaluation and Solutions to Improve HCMC’s Investment […]
Vietnam to Invest in Water-Related Infrastructure
Mar. 31 – Vietnam’s government aims to boost the nation’s shipping volume by more than 400 percent over the next 10 years by investing heavily in its ports. The emergent Southeast Asian economy is channeling billions of dollars into building ports for container ships in a move to draw export-oriented industry from China.
Nokia to Build US$275.8 Million Facility in Vietnam
The Finnish multi-national communications corporation Nokia just announced its US$275.8 million investment plan to build up a new manufacturing plant in Vietnam’s Bac Ninh Province near Hanoi, hoping the new facility will “play a key role” to “connect the next billion to the web” via cell phones.
Vietnam Opens Its First Commodity Exchange
Jan. 14 – Licensed last year by the Ministry of Industry and Trade (MoIT), Vietnam’s first commodity exchange became operational on January 11 in Ho Chi Minh City. The Vietnam Commodity Exchange (VNX), with a registered capital of US$7.5 million, is allowed to exchange all types of commodities under MoIT regulations. According to its general […]
Hanoi to Boast 11 New Industrial and High Tech Zones in Next Five Years
Nov. 19 – Plans have been laid to create 11 new industrial zones and high tech parks in the Vietnamese capital of Hanoi over the next five years in a bid to attract further domestic and foreign investment, Nguyen Xuan Chinh, head of the Hanoi Industrial and Export Processing Zone Management Board, said on Thursday. […]
New Minimum Capital Requirement May Soon Be Instituted for Companies Looking to List in Vietnam
Nov. 18 – Vietnam’s State Securities Commission is looking to increase the minimum capital requirement for companies wanting to list on the nations bourses. In a new draft currently being prepared by the stock regulator, any company that wishes to be listed on the Ho Chi Minh Stock Exchange will need to have a minimum […]
Gov’t Approves Plans for Two New International Airports
Nov. 17 – The Vietnamese government approved and outlined plans for two new international airports in a meeting chaired by Deputy Prime Minister Hoang Trung Hai on Monday – one in the southern province of Dong Nai and one in the northern port city of Haiphong. Construction on Dong Nai’s Long Thanh International Airport has […]
Vietnam’s Exports to Hit US$70 Billion By Year End
HANOI, Oct. 27 – Vietnam generated US$57.8 billion in export revenues over the first 10 months of the year, a 23.3 percent year-on-year increase, Deputy Minister of Industry and Trade Nguyen Thanh Bien said at a meeting in Hanoi on Tuesday. Bien announced at the meeting that this is likely to continue, resulting in total […]
